Centre and states need to work together to roll out GST: Arun
Jaitley
10/06/2014 10:53
Expressing government's commitment to push growth, Finance Minister Arun Jaitley has asked for the support Centre and states to work together to roll out GST, reported PTI. Addressing the pre-budget consultative meeting of state Finance Ministers, he also underlined the need to break the vicious cycle of high inflation and high interest rates. "Mandate of 2014 clearly spells out that economic growth cannot be compromised at any cost and is sine qua non to reap the benefits of the demographic dividend," he said, adding that there is a need to "round off corners" towards GST implementation. Gujarat Finance Minister Saurabh Patel after the meeting said, "Most of the states have said that employment and infrastructure should be given priority and how to increase revenue of the states." Jaitley during his address to state FMs said, "States must complement each other in managing the economy and fiscal policy, which is the essence of cooperative federalism. In doing so (we) must act like a team."
10/06/2014 10:53
Expressing government's commitment to push growth, Finance Minister Arun Jaitley has asked for the support Centre and states to work together to roll out GST, reported PTI. Addressing the pre-budget consultative meeting of state Finance Ministers, he also underlined the need to break the vicious cycle of high inflation and high interest rates. "Mandate of 2014 clearly spells out that economic growth cannot be compromised at any cost and is sine qua non to reap the benefits of the demographic dividend," he said, adding that there is a need to "round off corners" towards GST implementation. Gujarat Finance Minister Saurabh Patel after the meeting said, "Most of the states have said that employment and infrastructure should be given priority and how to increase revenue of the states." Jaitley during his address to state FMs said, "States must complement each other in managing the economy and fiscal policy, which is the essence of cooperative federalism. In doing so (we) must act like a team."
